March 31, 2017

FBN General report 17.4% increase in gross premium in 2016

Nigeria’ s top Insuer, FBN General Insurance, said its gross premium  for the financial year 2016 grew by 17.4 percent from N1.8 billion in 2015 to N2.2 billion at the close  of 2016 financial year. It added that total assets rose to  N6.1b in the review period of 2016 when compared to  N5.3billion […]
March 29, 2017

Insurers’ Brexit Preparations Gain Momentum

As UK’s Prime Minister Theresa May signs the letter that will formally begin the UK’s departure from the European Union, the insurance industry is expected to accelerate its plans to adapt their business and move operations in order to be able to service their clients within the European Union. “With […]
March 24, 2017

Govt to Review Group Life Insurance Policy for Civil Servants

The federal government has still not payed the N5.4billion premium of its civil servants in the country six months after it was due for renewal. The Head of the Civil Service of the Federation, HOCSF, and the Bureau of Public Procurement, BPP, have selected 20 underwriters and 108 insurance brokers […]
March 24, 2017

Ivory Finance debt: We’ll prove our case in court – SIC

Management of SIC Insurance Company Limited has assured its customers and stakeholders to remain calm following a case the company is battling in court against non-bank financial institution, Ivory Finance. The two companies have been in a long standing legal and board room battle over the debt which came up […]